Welcome to the November edition of the monthly income stream report. I write these reports every month to help hold me accountable to my personal goals, while at the same time try to share what’s working well, and what’s not. I like to give you a real perspective of what someone can do to develop multiple income streams, through good times and through bad times. The cool thing about sharing this report every month is that you can go back in time through my income reports, and really see how things have changed and evolved, and how developing income streams doesn’t always go in a straight upward line.
A few things happened last month that are worth noting. First, I made $0 on this website last month. Nothing…nada…ziltch…. It was actually pretty sad and surprising, and I don’t really have an explanation for it. I mean, I did have a little pay-per-click advertising going on, but it was so minimal I don’t really count it. But here’s the interesting part – November was still a very solid month, and I made more than October, making it one of the better months of 2012. That really goes to show you the power of multiple income streams. It also highlights why I’m still working and not quitting and blogging full time.
Second, I bought a new site. The site is called Kids Ain’t Cheap, and it has been around for a few years as a family and money blog. I plan to continue this tradition with it. The biggest thing about the site is that is has been pretty neglected. So, I’ve been putting in some time and effort to get the site revamped, updated, and make sure all the links are working. As of today, Broken Link Checker is telling me there are over 300 links broken, which shows you how bad of shape this site was in. However, I got a great deal on it, and it is already generating revenue. I think it will break even within 3 to 6 months at the rate it is going.
My Multiple Income Streams
By now, you should know how this works, but I like to break down my multiple income streams into categories so you can see how I make my income. I don’t include my salary or my wife’s, although I do consider those part of my multiple income steam strategy.
- Dividends: $1,362
- The College Investor
- Private Advertising: $1,145.00
- Affiliate Advertising: $146
- CPC Ads: $0
- Amazon: $0
- Sponsored Tweets: $0
- My Multiple Incomes
- Private Advertising: $0
- Affiliate Adverting: $0
- CPC Ads: $0
- Entrepreneurship Life
- Private Advertising: $120.00
- Affiliate Advertising: $571.99
- CPC Ads: $9.21
- Japanese Stock Market Online
- CPC Ads: $0.06
- Niche Site #1
- CPC Ads: $1.00
- The College Investor
- Writing Service: $1,355.00
Gross Total: $4,710.80
Difference from Last Month: +$56.09
What I Learned
I learned several things this month that really have an impact on me.
First, I didn’t meet several of my goals that I mentioned in my October Income Report: to write more on affiliate advertising and share more about my virtual assistant. In fact, I slacked on my posting schedule a bit on all of my websites. However, the reason behind it is that I was writing for a private client a lot more, and as you can see, it was the first time that my writing service income exceeded $1,000, which is awesome. Along those lines, though, it was a lot of work to pull that off.
I also learned the power of having a great network. The only reason my writing service has been successful is because of my network of friends online that refer business to me. I do NO advertising, and yet I have people contact me all the time for my services. In fact, I had to turn away business this month for the first time ever, which was hard to do. With that network, they are also who let me in on the great deal for the website, and another member helped transfer it to a new host and point me in the right direction to get it technically working again.
All of these things have to do with the power of the network.
What to Expect This Month
This month, I do intent to share a bit more on affiliate advertising and my virtual assistant. I hope you enjoyed my Comprehensive Affiliate Marketing Program List, and I hope to reference that in my upcoming posts.
As always, let me know if you really want to know more about something I’m doing. I write to share my thoughts and experiences with you. If you have a question, please ask!